Overview

This recorded webinar is available to purchase and view on demand.

During this webinar, leading tax-exempt bond experts from state agencies and the affordable housing industry present on the fundamentals of bond recycling, opportunities to maximize production and increase the supply of affordable housing with the private activity bond cap, state agency recycling program design, and new strategies for using recycled bonds in multifamily financial structuring.

Bond recycling is a proven way to generate additional capital for affordable multifamily development. The recent expansion of the Low-Income Housing Tax Credit and newly lowered financing threshold for bond-financed Credit projects have created new opportunities for more housing agencies, developers, lenders, and investors to utilize the approach.

Recycled bonds offer an interest rate advantage over conventional debt and can be a valuable source of gap financing for Housing Credit and other multifamily developments while generating additional bond issuance fees for the state agencies.

This program aired on January 28, 2026.

Webinar Agenda

Session 1 | Bond Recycling Fundamentals

Veteran tax-exempt bond experts describe the fundamental rules of multifamily bond recycling, the various approaches that state agencies have taken to establish recycling programs, the ability to issue recycled bonds in the absence of a state program, and new opportunities to utilize the private activity bond cap more efficiently to maximize production and increase the supply of affordable housing.

Session 2 | Financial Structuring with Recycled Bonds

Explore new strategies for using recycled bonds in the financial structuring of Housing Credit and other multifamily housing developments.  Understand the impact of the lower cost of capital and other tax benefits provided by recycled bonds, new financial structuring tactics that optimize development feasibility, and opportunities to use recycled bonds to reduce multifamily development costs.

Trainers

• • Michael Babcock, Assistant Director, Capital Markets | Illinois Housing Development Authority
  • Sisera Daniel, Partner, Public Finance | Kutak Rock LLP
  • Caitlin Gossens, Vice President, Capital Markets | Standard Communities
  • Kent Neumann, Founding Member | Tiber Hudson LLC
  • Charlie Rhuda, Partner | Novogradac & Company LLP